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focused on yield. we have an the u.n. weight to equities. most of the equity exposure right now is outside of america. that's been a good thing for us since july and then we have an overweight to extend fixed economic and credit. looking at emerging market debt. watching carefully and still happy to own high yield debt and mortgage-backed securities. >> this is a serious question. we had peter fisher on the show, former undersecretary who said, you know, they just might do the right thing. either online or got your "wall street journal" in hand. what if they do the right thing. jeremy segal says stocks are going to 15,000 and 17,000. is that seriously possible? >> look, you have very little liquidity at year end, right, so there's in the a lot of volume in the markets so things can move much more. it's exaggerated. if we get a credible bipartisan deal december 15th you're going to have a huge relief rally into year end. >> 15,000, mr. baldwin? >> not right away. stocks are slightly overpriced. like them for 40 years, not sure about four months. >> good stuff. rebecca patterson and william
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